Poonawalla Fincorp is aiming to build a loan book of ₹50,000 crore in the next five years, chairman Adar Poonawalla tells Saloni Shukla. While the […]
Category: Enterprise
Central Bank of India to raise up to Rs 1,500 crore this fiscal
State-owned Central Bank of India will raise up to Rs 1,500 crore this fiscal by issuing Basel III compliant bonds. The decision was taken at […]
Credit card spends fall for the first time in six months
Mumbai: Consumer spending on credit cards fell for the first time since July, signalling an end to the festive season that had begun with Onam. […]
Piramal Capital bets big on developer financing loans
Almost a year after acquiring beleaguered housing finance lender DHFL, Piramal Capital and Housing Finance is betting big on developer financing loans as demand for […]
Big 4 are now emerging as big force in M&A I-banking, too
The Big Four firms are striking large and complex mergers & acquisition (M&A) investment banking deals, hitherto the preserve of bulge bracket investment banks, after […]
Potential bidders seek tax benefits on IDBI’s losses
Potential IDBI Bank bidders have asked the government for tax benefits from the accumulated ₹45,000 crore losses to accrue to the acquiring entity in case […]
At Rs 8,640 crore, Torrent highest bidder for Reliance Capital
Torrent Investments is the highest bidder for Anil Ambani-owned Reliance Capital, having offered Rs 8,640 crore for the debt-laden financier at an auction held on […]
Banks write off loans worth Rs 11.17 lakh crore in last 6 years
Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed […]
HDFC hikes home loan rates
Housing Development Finance Corp Ltd (HDFC), India’s largest non bank mortgage lender has hiked its retail prime lending rate (RPLR) by 35 basis points effective […]
Decision on privatisation of PSBs after consultation: Govt
The government on Monday said it will take a view on privatisation of public sector banks (PSBs) after consultation with the department and the regulator […]